Last week, the stock market remained relatively flat despite positive economic signals from FedEx and an expected inflation report. Consumer discretionary spending showed signs of weakness, suggesting potential Fed rate cuts in 2024, though the timing could be influenced by the upcoming election. Energy and Banking sectors outperformed following the debate, while Clean Energy and Cannabis sectors declined. This week, market attention will focus on the employment outlook with key jobs reports, potentially causing volatility due to holiday trading conditions.

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